DON'T LOSE HOPE: BTC LOVES DecembersOver the past few years, BTC has shows affinity for Decembers.
If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts.
And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases in Decembers I'm inclined to say we may yet see our final ATH in the last quarter of the year; specifically towards the end of the year.
Currently in the 4h, we can see a strong V-shaped recovery after a dip to 49 000.
The dip doesn't bother me in the least bit, because this is the original target I had from Elliot Wave analysis months ago:
We're still making higher lows, and even if we trade just over and under 60K for a period I will sleep easy.
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BINANCE:BTCUSDT
Btcusdlong
THE GREATEST LONG // BTCUSD (August 2024)Fiat is flowing fluidly into TOTAL after the after-math of this weekend's price action
2740 was the key level in which the dive to sub-2k level on Ethereum happened
BTC/ETH dominance will stagger as alt-coins receive liquidity
It's a little late for alt-coin summer, but at least we have alt-coin autumn now
It is beyond contrarian to open a long position when everyone else is shaking in fear, but it's now or never if you want to catch the ride up to 100k BTC. You heard it here first.
Best in all,
dysonring2050
Bitcoin (BTC)19-15k is a good opportunity for buying the dip and hold it for long term
as you see bitcoin and whole crypto market following the macro economy and even if you compare it companies like Meta or Alibaba you will understand how mature this market gets and how bright future it has. right now btc stuck at 18500 and 20300 channel which is a great signal for future traders.many altcoins pumping as well and we have plan to cover it as much as possible too
BTCUSD - Short Term RSI Divergences and Key Price MovmentHello, Despite the recent bearish trend, the bullish RSI divergence suggests a potential rebound. This divergence often signals a weakening of the bearish monentum and a possible upward price movement.
My Bias Bearish in the short term due to the series of lower highs and lower lows. However the bullish RSI divergence suggest a potencial rebound or at least a temporary halt to the downtrend.
My Entry/Exit Strategy:
Entry Point: Considering the bullish divergence, entering a long position around the current price level of $60,900 could be a strategic move
Stop Loss: To manage risk, set a stop loss slightly below the recent low at around $56,000.
Take Profit: Potential profit targets could be set around the $64,000 resistance level an d if bullish momentum continues towards the $72,000 peak
Future Prospects Watch for a break below the $56,000 support level to confirm continued bearish momentum break above $64,000 signal the end of downtrend and a resumption of bullish activity.
For Traders: Given the bullish RSI divergence, consider entering a long position while monitoring key support and resistance levels. Ensure proper risk management with stop losses in place.
Regards
Bitcoin All Time High NOT PRICED IN YETFor weeks now, I've been talking about why the all time high for Bitcoin is NOT YET in. (Proof here)
Here are the main reasons why.
👉 Elliot Wave Theory
I've been discussing EWT for many weeks alongside with the bearish M-Pattern that marked the beginning of the corrective wave (3-4). Once the corrective wave finishes, which I expected to be a multi-month playout, the final impulse wave up awaits us (4-5).
👉 Bitcoin-Dominance Increasing & ALTS Bottom
Considering MANY alts have seen bottom patterns after corrections (as discussed in the video), its safe to say the dump is over. But BTC.D is still increasing... If you want to further understand WHY this is a good sign, see HERE:
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KUCOIN:BTCUSDT CRYPTOCAP:TOTAL3
BTC IS RISING STAR 67000-69000$ + %70BEAR= 58317-46930= + 11387
BULL= 58317+11387= 69704 ( MAİN TARGET )
TAKE PROFİT
(SELLER) HİGH= 59400- 59800- 60600- 61500 -62300- 63000$ - 67000$ - 69700 - 70300 - 71400- 73600
( BUYER ) LOW= 43000-47200-48500-49800-51300-52900-55000
Btc dominance now 44.
We estimate Btc Dominance 55.
It is not investment advice. Calculate your risk. Big money big risk, Little money Low risk.
BTC/USDI trust this message finds you in good spirits. Today, I am thrilled to share a strategic investment opportunity with you, backed by extensive analysis and market research. Our current recommendation is to buy BTC/USD within the price range of $55,000 to $56,000, targeting a subsequent rise to $60,000.
Our analysis indicates several key factors driving this recommendation:
Market Trends: Recent market trends and trading patterns suggest a bullish movement for BTC/USD, making this an opportune moment for entry.
Technical Indicators: Various technical indicators, including moving averages and RSI, are signaling potential upward momentum.
Fundamental Analysis: The underlying fundamentals of Bitcoin, such as increased adoption and positive news in the cryptocurrency space, further support this bullish outlook.
This trade presents a substantial opportunity for short-term gains, leveraging both technical and fundamental insights to minimize risk and maximize potential returns. Our comprehensive analysis underscores the security and viability of this investment.
We encourage you to consider this well-researched and promising trading opportunity.
Forex Xona
$BTC LONG: Downtrend broken! Look for Bullflag at $65kAfter breaking our series of lower highs we've pumped and are beginning to form a Bullflag @ the $BTC:65K level. This gave us a clear technical entry and a nice RR, price target.
Medium Bullish take: We trade in this pattern through the week, let the momentum indicators rest and then retest the $70k price level by the end of the month.
To flip Bearish we would need to completely fade this pump and hold below the $60,000 neckline for 3-5days. I would be careful shorting any retracements, we look upwardly volatile.
PS. If you haven't already, check out my thesis on ANTI-FIATs....
BTC LONG
Bitcoin currently lacks robust support, and the asset must close above $61,000 to reignite its upward trend. It’s worth noting that since Bitcoin attained its all-time high of over $73,000, the $60,000 support has been viewed as a crucial level likely to play a key role in pushing BTC towards a new all-time high, with $100,000 remaining the ideal target.
1:3 Risk to Reward BTCUSDOn the 5, 15, 30 and 1 hour timeframe, BTCUSD is showing signs of bottoming action with price action. RSI is also confirming as we head into the NFP. Should NFP disappoint analysts forecasts, I believe Bitcoin will reverse to the upside.
My trade idea on screen is a 1:3 risk to reward setup.
That's it - That's all
Trade Safe
BTCUSD - Potential Bottoming Action In my previous video I mentioned I was waiting for a strong bullish candle on the 15 min timeframe. I was alerted about that candle, and my short is closed.
== Previous Video ==
Now, on the 15, 30 and 1 hour timeframe we are getting clues of bottoming action so I am interested in getting in on a long trade here. I'm also adding room to add an extra long position if we go a bit lower.
That's it - That's all
Trade Safe
Bitcoin & Ethereum is it really going to crash?
We experienced another sell-off in cryptocurrencies, bringing BTC back below $59K. As a reminder, we still have a second limit set at $55,236 for a Bitcoin swing trade, and we plan to hold this position as we approach this level. This limit has been in place for several months, and sometimes patience is required. Our limit is precisely at the 24 Q1VWAP and 21 VAH, aiming to capture the resting liquidity below the recent low in May.
For ETH, we are watching the 22 Q1VWAP and 21 Q3VWAP levels to hold, as they have successfully done so four times previously. This would be a favorable retest, potentially leading to an attempt to reach the EUROTLX:4K range again.
With both BTC and ETH, we are anticipating the end of this sell-off, considering potential spot purchases in BTC and some altcoins if they experience another (maybe last) downward move.
BTCUSD - RE-ENTRY / Price reverts to the initial entry priceHello Traders!
I will re-enter this trade after BTCUSD took me out of the transaction on 0.
Most probable we will see here a bullish momentum.
Trade Safe!
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BTCUSD - Long Trade Confirmation !!!Hello Traders!
As you can see in the last analysis on BTCUSD, I was expecting the retracement until de PDL executed a long trade. At the moment I see a perfect opportunity to execute this trade as we have a reaction and we have a retracement. I expect a bullish move until the price of 66.700, the price where I have the Profit target.
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BTCUSD BTCUSD
Open: 64000
SL: 63000
TP: 70000
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Disclaimer: Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy.
Any decisions made based on the information provided in this text are your personal responsibility. Any investments made or to be made should be analyzed based on your financial situation and personal goals.
Price Psychology and Game TheoryMarkets move in cycles and based on game theory . Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up.
Stocks work like auction .
During Bull runs -> Highest payer - bids up the prices and the averages increase.
During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices available.
It's human nature...
Game theory states you buy whilst you can else you will be left behind.
during "ATH" prices fly because prices are relative . Where the driver is the credit condition cycle (loose is good) and ofcourse ETFs.